VEGI - VEGI: Not Your Typical Agriculture Stock ETF A Lesson In Knowing What You Own
2024-01-24 09:38:00 ET
Summary
- VEGI is an agricultural ETF that invests in agricultural stocks across various sectors.
- The ETF has a high concentration in its top holdings, with Deere representing 22% of the total fund.
- VEGI remains a Hold, but is one I'm watching for when the market looks beyond tech to reasonably-valued market niches like this one.
Very recently, I covered one of VEGI's peers, MOO ( MOO: There's A Big Problem On The Farm ), highlighting that I like the long-term outlook for stocks/companies that lead the effort to solve an inevitable global food shortage. But I rated it a Sell because it lacks timeliness and a valuation level that would prompt me to include it in one of my model portfolios....
VEGI: Not Your Typical Agriculture Stock ETF, A Lesson In Knowing What You Own